Greater Satx
- Assets
- $5.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 30
- Location
- San Antonio, TX
- Founding
- 10/1972
- Data as of
- 12/2022
- EIN
- 74-1536482
Organization Overview
Greater Satx is located in San Antonio, TX. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Satx employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Satx is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Greater Satx generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GREATER:SATX IS TO LEAD THE DEVELOPEMNT AND DIVERSIFICATION OF SAN ANTONIO REGIONAL ECONOMY THROUGH THE RECRUITMENT AND EXPANSION OF QUALIFY EMPLOYERS AND JOB PRODUCING INVESTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER:SATX IS A PRIVATE, NONPROFIT ORGANIZATION THAT ASSISTS BUSINESS AND INDUSTRY IN LOCATING AND EXPANDING INTO THE SAN ANTONIO REGION.GREATER:SATX IS SUPPORTED BY ITS PARTNERS (CITY OF SAN ANTONIO, BEXAR COUNTY, CPS ENEGY, SAWS) AND MORE THAN 200 VOTING AND NON-VOTING PRIVATE SECTOR INVESTORS.SINCE 2017, GREATER:SATX HAS ASSISTED 130+ COMPANIES TO EXPAND IN THE SAN ANTONIO REGION RESULTING IN NEARLY 27,000 NEW JOBS AND TOTAL CAPITAL INVESTMENT OF APPROXIMATELY $6 BILLION.AT GREATER:SATX, WE PROVIDE BUSINESSES WITH INFORMATION TO ASSIT IN THE ANALYSIS OF ESTABLISHING OR RELOCATING A FACILITY IN SAN ANTONIO. PROFESSIONAL ASSISTANCE WITH RELOCATION ANALYSIS IS HANDLED WITH CONFIDENTIALITY AND AT NO COST TO OUR CLIENTS.GREATER:SATX SERVICES INCLUDE:-ANALYZE LABOR MARKET-ARRANGE COMMUNITY BRIEFING AND CUSTOM CITY TOURS-INTRODUCE/MEET WITH COMMUNITY PARTNERS-IDENTIFY AND PACKAGE ALL LOCAL/STATE INCENTIVES APPLICABLE TO A BUSINESS-ORGANIZE ANY SPECIALIZED MARKET RESEARCH-FOLLOW THROUGH WITH DEVELOPMENT PROCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Saucedo-Herrera President & CEO | OfficerTrustee | 30 | $349,375 |
Sarah Rush Chief Development Officer | 40 | $260,422 | |
Tom Long Managing Director | 40 | $178,357 | |
Carmen Lara Chief Admin. Officer | 40 | $158,540 | |
Amber Gilbert SVP | 40 | $142,296 | |
Sarah Morales SVP | 40 | $130,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,058,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,153,572 |
| Total Program Service Revenue | $1,622,981 |
| Investment income | $610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,988,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,231,680 |
| Compensation of current officers, directors, key employees. | $258,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,391,097 |
| Pension plan accruals and contributions | $66,138 |
| Other employee benefits | $214,120 |
| Payroll taxes | $174,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,713 |
| Fees for services: Accounting | $31,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,355 |
| Advertising and promotion | $1,071,614 |
| Office expenses | $0 |
| Information technology | $265,258 |
| Royalties | $0 |
| Occupancy | $111,817 |
| Travel | $458,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,017 |
| Insurance | $16,360 |
| All other expenses | $4,499 |
| Total functional expenses | $5,632,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,263,339 |
| Savings and temporary cash investments | $357,322 |
| Pledges and grants receivable | $1,310,717 |
| Accounts receivable, net | $1,571,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $237,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $659,864 |
| Total assets | $5,400,094 |
| Accounts payable and accrued expenses | $1,226,310 |
| Grants payable | $0 |
| Deferred revenue | $9,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $849,414 |
| Total liabilities | $2,085,557 |
| Net assets without donor restrictions | $3,314,537 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,400,094 |